Monday June 28, 2010

Jody Patton's Executive PORTLAND, OR

Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 299,000 ±+
Asking Price Per Square Foot $ 156 ±+
The median list price in PORTLAND, OR this week is $299,000. Average Days on Market (DOM) 134 ==
Percent of Properties with Price Decrease 48 %
Percent Relisted (reset DOM) 16 %
Inventory and days-on-market are climbing, while the Market
Action Index has been flat recently. The trends point to a Percent Flip (price increased) 3%
weakening market. Median House Size (sq ft) 2108
Median Lot Size 4,501 - 6,500 sqft
Median Number of Bedrooms 3.0
Median Number of Bathrooms 2.0

Supply and Demand Market Action Index Strong Buyer's 16.9 ±+

The market has shown some evidence of slowing recently. Both ±+ No change == Strong upward trend ≠≠ Strong downward trend
prices and inventory levels are relatively unchanged in recent weeks.
Watch the Market Action Index for changes as it can be a leading = Slight upward trend ≠ Slight downward trend
indicator for price changes.

Price
Market Action Index The market seems to have paused around this plateau. The
Market Action Index is a good leading indicator for the durability
of this trend.

Price Trends

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

The Market Action Index answers the question "How's the

Market?" By measuring the current rate of sale versus the
amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.

Quartiles
7-Day Rolling Average 90-Day Rolling Average

Characteristics per Quartile Investigate the market in quartiles -

where each quartile is 25% of homes
ordered by price.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
8,001 -
Top/First $ 609,900 3288 10,000 sqft 4.0 3.0 39 998 75 42 141 Most expensive 25% of properties

4,501 -
Upper/Second $ 359,000 2318 6,500 sqft 3.0 2.0 54 998 71 67 122 Upper-middle 25% of properties

4,501 -
Lower/Third $ 249,900 1776 6,500 sqft 3.0 2.0 53 998 78 49 131 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 172,900 1270 6,500 sqft 3.0 1.0 56 999 71 55 141 Least expensive 25% of properties

Jody Patton | Ticor Title | 503.219.2163

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